So instead of happy news justifying a rate cut, we will see increasing pain and discomfort as the media is confronted with the reality that inflation is not under control. (Let's not even get into what happens if a 0.5 or 0.6% M-o-M figure hits the press.)
Rate cuts are most likely going to keep getting pushed out. Increasing, rather than decreasing, annualized inflation numbers will have pundits start talking about a need to increase rates again before things get too bad. While the Fed will not like the idea of raising rates, it will hate the idea of having to do so belatedly after inflationary fires have fully returned, even worse.
The next president will have an economic mess on his hands, courtesy of Democrat borrow-and-spend governance.
Real inflation is 12% to 15%.
The idiots at the Fed have been trying to avoid a “hard landing”. Ain’t gonna happen. The only way most people (the economy) is with a kick to the guts.
Crank the interest rates and flush out the idiots.
This is more bolted in as a long lasting feature, the result of trillions in omnibus bills, Fed paper dollar printing and massive bills like the green deal, build back better, covid relief, etc.
It doesn’t matter what the government or media say about inflation numbers.
Real people see it with their own eyes. If prices go up in the grocery stores (they are) they note that. Buying food is fundamental and transcends politics. Same with gasoline prices.
Many? Most? people live paycheck to paycheck, and inflation hurts them more than those with more money. Telling them this pain is imaginary just insults them and doesn’t help.
With our massive debt what are the chances of hyper inflation if the Fed doesn’t raise rates in time?
Why are you laughing/crying?
There will be no rate cut. If they were smart, they would increase rates at least 100 bps, more likely 200. But then that would cause the stock market to tumble, which would help Trump get elected.
And just remember Inflation is cumulative.
Inflation rates are a figment of some Bureaucrats computer. FED inflation is something like 3,000% so why quibble over phony monthly rates.
There is an equilibrium equation between the amount of money and the things it can buy. The money supply was pumped over a year ago. Since the amount of money printing has been restricted in the last few months any inflation remaining is the result of that equilibrium dying down .